The burgeoning US-China trade war has entered a new phase
Until now, China has mirrored Trump's actions, matching Friday's tariff hike with identical charges on the same amount of imports. Stock markets have fallen around the world in the wake of President Trump's latest tariffs threat to China.

Best Trade Offers Cavs Can Make for Kawhi Leonard
The Lakers and Clippers want Leonard , but they're concerned with his health after he spent the majority of the season rehabbing. Both the Lakers and the Clippers have expressed their desire to add Kawhi Leonard to their team this offseason.

Beyoncé and Jay-Z drop surprise album "Everything Is Love"
Everything is Love suggests that the two have worked things out between them, and are very much a team, a family, moving forward. Listen to Newsbeat live at 12:45 and 17:45 every weekday on BBC Radio 1 and 1Xtra - if you miss us you can listen back here.

23-foot python swallows Indonesian woman whole
Her sister went looking for her at the plantation, only to find her her footprints, a torch, slippers and a machete on the ground. After prying apart the snake's skin and stomach, the woman's fully-clothed and perfectly whole, slime-covered body is revealed.

China Trade: From 'Grand Bargain' towards trade war?
China vowed to protect its interests, countering any USA tariffs imposed on its goods with a mirror response. The two sides have been involved in negotiations with China offering to buy $70 billion dollars in US goods.

Spain beat Iran 1-0 to move closer to knockout stage
David Silva sent a free kick straight into the arms of keeper Ali Beiranvand in the 25th minute for Spain's first shot on goal . Iran national football team lost to Spain 1-0 in Group B of the 2018 World Cup here at the Kazan Arena on Wednesday.

Judge sends President's aide to jail
The witness, Andres said, was driving in a auto in Italy on a rural road when his phone rang under an unidentified number. Paul Manafort , President Donald Trump's former campaign chairman, was booked into a Virginia jail on Friday night.

Rep. Sanford loses to strong Trump backer
Responding to the primary threat, Sanford has aired television ads highlighting his support for Trump's policies. The president called Sanford "nothing but trouble" and added "He is better off in Argentina".

Position-Squaring Ahead of OPEC Meeting Boosting Prices

A production increase would help undo a 1.2 million barrel cut agreed on in late 2016 that has since helped push up the price of oil by nearly 50 per cent. Non-OPEC member Russian Federation had also agreed to that cut and will discuss with OPEC on Saturday whatever production increase the cartel agrees on Friday.

Reuters reported Saudi Arabian Energy Minister Khalid al-Falih telling reporters in Vienna that the oil market had now rebalanced and his aim was to prevent a shortage of crude in future that could squeeze the market.

"Our customers have spoken loudly and we must listen to them", Al-Falih said before the ministerial talks on Thursday.

Iran's oil minister, Bijan Namdar Zanganeh, questioned this week whether OPEC is united enough to reach any agreement, and said Trump had politicized the debate over oil prices. I've looked at the report flying in and I think it shows that there will be a deficit in the second half of this year of 1.6 - 1.8 million barrels assuming that the main production continues. The measure has helped rebalance the market in the past 18 months and lifted oil to around $74 per barrel from as low as $27 in 2016.

Opec sources also said Iran had demanded that US sanctions be mentioned in the group's post-meeting communique, as Tehran has blamed USA measures for the recent rise in oil prices.

Meghan Markle's father: She's wanted children for a long time
Queen Elizabeth II arrives at the parade ring with Anne, Princess Royal, in a horse drawn carriage, on the first day Royal Ascot . Asked about what he thought about Meghan's mother attending the wedding, he said, "My ex-wife is a lovely woman".

Thomas Markle reveals the warning he gave to Prince Harry
George's Chapel, but added, "I was honoured, I can't think of a better replacement than someone like Prince Charles ". Meghan Markle's father was interviewed on British television for the first time since his daughter's wedding .

U.S. to pull out of UN Human Rights Council
UN High Commissioner for Human Rights Zeid Ra'ad al-Hussein on Monday called on Washington to halt its "unconscionable" policy. Among reforms the United States had pushed for was to make it easier to kick out member states with egregious rights records.

Given the production restraints in some countries, the one million barrels per day proposal would in reality end up adding several hundred thousand barrels to the market.

Brent oil prices were up 1.9 per cent on Friday as the output boost had been largely priced in and was seen as modest. "This view leads to a small-implied stock draw in Q3 2018, followed by an inventory build in Q4 2018 which is expected to weaken prices heading into 2019 when we see an oversupply for the year", Hittle said.

OPEC is meeting in Vienna on Friday and Saturday and is expected to discuss potentially raising crude oil production now that prices have stabilized so far in 2018. He acknowledged not all of the cartel's members could increase output, in a reference to countries such as Venezuela. Zanganeh has said the president is to blame for high prices because of his unilateral withdrawal from the worldwide nuclear agreement.

Some analysts believe that Saudi Arabia needs a Brent price closer to $90 to cover its domestic spending but is feeling pressure from the United States to head off rising prices by boosting output. He said Opec could meet again in September to adjust the deal.

The planned sale of 5 percent of Aramco-in what would likely be the world's largest IPO ever-could bring Saudi Arabia US$100 billion if Saudi officials' valuation of the company at US$2 trillion stands. Segun Ajibola expressed concern over Nigeria's inability to determine global realities, adding that outcome of market decision could frustrate implementation of the budget, considering that oil revenue remained the country's basic income.The re-balance in the oil sector had aided Nigeria to exit economic shortfall and boosted reserves but Ajibola was anxious about the country's continuous dependence on a single source of revenue.